Exchange traded funds (ETFs), listed investment companies (LICs) and unlisted funds are all managed investment vehicles with some similarities. However, it’s important to understand the differences between them to enable you to make an investment decision that suits your specific needs, goals and risk tolerance level. In this e-book, we will explain the key differences between ETFs, LICs and unlisted funds. We will also provide answers to FAQs and outline the pros and cons of each investment option.